The 1985/86 Survey of Personal Incomes is used to estimate the impact of tax deductibility on giving by covenant. Estimates are based on two models: a generalized Tobit model, and Reece and Zieschang's (1985) model that allows for a nonlinear budget constraint. The results suggest that the...

Britain and Germany, like much of the Western world have concerns about the ageing of the population and early exit of older workers from the labour market. Policy debates have focused on direct changes to retirement ages and incentives to encourage greater pension saving. Less attention has...